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D-Wave Quantum shares (NYSE:QBTS) surged during early trading Tuesday, after the company announced the general availability of its Advantage2 quantum computing system, which is its most advanced system and capable of solving problems beyond the realm of classical computers.
D-Wave shares jumped as much as 19% during early market action.
“Today marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole, as we bring to market our sixth-generation quantum computer, a system so powerful that it can solve hard problems outside the reach of one of the world’s largest exascale GPU-based classical supercomputers,” said D-Wave CEO Alan Baratz.
“We’re helping customers realize value from quantum computing right now, and the Advantage2 system represents a remarkable achievement in delivering on that mission,” he added.
The new system is now generally available. Customers in more than 40 countries can access the Advantage2 system via D-Wave’s quantum cloud service.
Advantage2 features more than 4,400 qubits, more than 40,000 couplers and 20-way connectivity. Quantum computing is already being utilized by businesses, researchers and government agencies.
Other quantum stocks were mostly down. Rigetti Computing (NASDAQ:RGTI) was down 4%, and Quantum Computing (NASDAQ:QUBT) had slid 3.5%. IonQ (NYSE:IONQ) and Arqit Quantum (ARQQ) dipped 2% and 6%, respectively.